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This paper studies whether pro-environmental consumption choices are consistent with utility maximization and what role the consumption behavior of reference persons and one's own past behavior play in this context. By combining data on individuals' pro-environmental consumption from a unique...
Persistent link: https://www.econbiz.de/10010442764
We demonstrate that interpersonal comparisons lead to "keeping up with the Joneses"-behavior. Using annual household data from the German Socio-Economic Panel, we estimate the causal effect of changes in reference consumption, defined as the consumption level of all households who are perceived...
Persistent link: https://www.econbiz.de/10010190171
In a simple conceptual framework, we organize a multitude of phenomena related to the (mis)prediction of utility. Consequences in terms of distorted choices and lower wellbeing emerge if people have to trade-off between alternatives that are characterized by attributes satisfying extrinsic...
Persistent link: https://www.econbiz.de/10009766248
In a simple conceptual framework, we organize a multitude of phenomena related to the (mis)prediction of utility. Consequences in terms of distorted choices and lower wellbeing emerge if people have to trade-off between alternatives that are characterized by attributes satisfying extrinsic...
Persistent link: https://www.econbiz.de/10009753717
We study a series of growth models in which households' preferences display `jealousy' or `external habits': a negative dependence on average consumption. We argue that accounting for consumption externalities in growth models requires consideration of both their static and dynamic effects. In a...
Persistent link: https://www.econbiz.de/10012932544
How can economic theory explain the reasons why consumers adopt innovations? Using the example of innovations in washing machines two approaches are compared. The first focuses in the manner of household production theory on changes in constraints without specifying preferences, leading to the...
Persistent link: https://www.econbiz.de/10009236027
This paper explores determinants of church attendance and the formation of "religious human capital" in Germany within a Becker-style allocation-of-time framework. The analysis is based on data derived from the German Socio-Economic Panel (GSOEP). Taking advantage of the longitudinal structure...
Persistent link: https://www.econbiz.de/10014113789
Persistent link: https://www.econbiz.de/10013436156
This paper explores determinants of church attendance and the formation of 'religious human capital' in Germany within a Becker-style allocation-of-time framework. The analysis is based on data derived from the German Socio-Economic Panel (GSOEP). Taking advantage of the longitudinal structure...
Persistent link: https://www.econbiz.de/10011435639
expenditures remains even 18 years after the reunification. -- conspicuous consumption ; status-seeking ; relative income …
Persistent link: https://www.econbiz.de/10009621765